My favorite aspect of Elliott Wave is it forces you to consider multiple paths as primary and alternate counts


My least favorite aspect of it is how open for interpretation wave counts tend to be — hence why so many analysts just create counts to fit a bias
The rules and guidelines do help to provide some clarity, but it really isn’t enough, making it too subjective of a practice to rely on exclusively
Using wave counts as a possible blueprint, then matching Fibonacci targets, to S/R levels, factoring time, and adding indicators to confirm can help build a more objective approach to EW
Example: I have noticed that waves 2 and 4 tend to find a bottom when the RSI reaches support between 40 and 50. Just look at the monthly RSI on BTC since its inception or the weekly RSI from 2023 to 2026. Wave 3s are almost always the momentum peak on the RSI, then bearish divergences build
BTC-0,43%
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